Guideline Value for Thiruveethi Amman Koil 1st Lane

Thiruveethi Amman Koil 1st Lane guideline value

The current guideline value of Thiruveethi Amman Koil 1st Lane is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Aminjikarai village, under the AnnaNagar SRO, and is classified as Residential Class II Type - II.

How the guideline value of Thiruveethi Amman Koil 1st Lane has changed

The guideline value for Thiruveethi Amman Koil 1st Lane has seen several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a 300% rise. However, it decreased to Rs 2,680 per sq.ft in 2017, a decline of 33%. The value then rose to Rs 4,000 per sq.ft in 2023, before reaching the current figure of Rs 4,400 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Aminjikarai

Aminjikarai has a total of 99 streets under the AnnaNagar SRO, with guideline values ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, which matches the current value for Thiruveethi Amman Koil 1st Lane. Below are the guideline values for other streets in Aminjikarai:

• Thiruveethi Amman Koil 2nd Lane: Rs 4,400 per sq.ft (2024)
• Thiru Veethi Amman Koil Street: Rs 4,400 per sq.ft (2024)
• Thiruvalluvar Nagar 1st Street (Slum Clearance Board): Rs 3,800 per sq.ft (2024)
• T.P. Chathiram 10th Street: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram 11th Street: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram 12th Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruveethi Amman Koil 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees together to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruveethi Amman Koil 1st Lane?

The Sub Registrar Office that covers Thiruveethi Amman Koil 1st Lane is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Aminjikarai

When buying or selling property in Aminjikarai, the guideline value is a crucial factor during the registration process. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in accordance with the prevailing rates.

The guideline value helps in determining the minimum value at which a property can be sold or purchased. This ensures transparency in property transactions and helps to avoid undervaluation of properties.

Frequently asked questions

What is the current guideline value of Thiruveethi Amman Koil 1st Lane?

The current guideline value of Thiruveethi Amman Koil 1st Lane is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting a total increase of 340% over this period.

What are the stamp duty rates for properties in Thiruveethi Amman Koil 1st Lane?

The stamp duty for properties in Thiruveethi Amman Koil 1st Lane is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Thiruveethi Amman Koil 1st Lane is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Thiruveethi Amman Koil 1st Lane?

The land classification for Thiruveethi Amman Koil 1st Lane is Residential Class II Type - II.